BISMARCK, N.D. (KFGO) – North Dakota’s State Investment Board will hold a special meeting on Thursday to discuss Legacy Fund investments in Russia.
Gov. Doug Burgum says the state must do its part to limit the financial resources at Russia’s disposal to discourage the country’s “heinous acts of aggression” on Ukraine.
House Minority Leader Josh Boschee (D-Fargo) says the Innovation Infrastructure Fund passed by the legislature last session might be a way to reinvest those dollars in North Dakota.
“It’s time for us to pull it out, bring that money back in [to North Dakota],” Boschee said. “There’s plenty of great projects going on in North Dakota. Whether it’s township roads, or startup companies, long-term companies are looking to grow, we have that opportunity.”
State Investment Board Chair, Lt. Gov. Brent Sanford says the state has received guidance from the U.S. Treasury Department related to Russian investments.
